News

FedEx opens new air freight hub

FedEx has officially opened its new South Pacific Regional Hub in Singapore, the largest consolidated facility in the Asia-Pacific region. The $97 million hub is the first and only express transportation facility in Singapore. The 282,700-square-foot integrated facility houses air, ground and clearance operations under one roof ...

http://www.supplychainreview.com.au/news/articleid/81499.aspx

Forum breaks ice, yet more time needed

Long-time foreign members of the Cambodian business community said the US-ASEAN Business Forum, held on Friday in Siem Reap, was largely successful in setting the country in the sights of America businesses, but multinational corporations will need more time in the Kingdom before nailing down ...

http://www.phnompenhpost.com/index.php/2012071657431/Business/forum-breaks-ice-yet-more-time-needed.html

Six Tried for Importing Drug Precursors Using FedEx

The Phnom Penh Municipal Court yesterday tried a Vietnamese-Canadian national, four Cambodians and a Vietnamese national, the latter in absentia, for their roles in smuggling about 3 kg of drug precursor chemicals from India to Cambodia using the FedEx shipping service. ...

Pay Off Officials, Risk Prison Stint, New Law Says

The government has brought into force a new law that makes all illegal payments to officials punishable by up to 15 years in jail for those who accept such payments and up to 10 years for those who make payments. Im Oudom, a member of ...

http://www.camnet.com.kh/cambodia.daily

Graft Risk Leads FedEx to Limit Local Business

In order to comply with legislation that prohibits bribery of public officials logistics company FedEx has limited its inbound shipments to Cambodia to those valued under $300. Customs and CamControl officials regularly impose unofficial payments to facilitate the customs and excise process. FedEx, initially announced ...

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